Address not disclosed Tampa, FL 33614

Insta Real Estate Solutions is proud to offer for sale a 6,390 sf NNN-leased retail center located on 0.48 acres at the corner of W. Waters Ave. and Marigold Ave. The property is well situated on a highly trafficked stretch of W. Waters Ave., approximately 0.5 miles west of N. Dale Mabry Highway, that experiences a daily traffic volume in excess of 42,500 vehicles per day. The property is 100% occupied by five tenants, four of which are long-standing. NNN leases, slightly below current market rate, are in place for all tenants, with 3.0-5.0% annual escalations. Current ownership has invested heavily in capital improvement and deferred maintenance projects, to include exterior building repaint, updating of electrical, fence replacement/repairs, lift station repair and maintenance, parking lot cleaning and striping, tree removal and extensive pruning, and box/cabinet sign replacements on the building exterior and the W. Waters Ave. pylon sign. The roof was replaced in 2017. Offered for sale at $183.88/sf, as compared to the Northwest Tampa average of $210.00/sf, and the greater Tampa-area average of $196.00/sf. CAP rate is 7.46%. PLEASE DO NOT DISTURB OR CONTACT TENANTS.